BEIJING, March 4 (Xinhua) -- China's natural gas output would at least
double the present volume in the coming decade to reach 150 billion to 200
billion cubic meters, PetroChina Vice President Jia Chengzao said on Tuesday.
PetroChina, the country's leading natural gas producer, alone has reported
an annual output rise of 10 billion cubic meters for two consecutive years, he
said.
"We will strive to keep the same growth rate this year," said Jia, a member
of the 11th National Committee of the Chinese People's Political Consultative
Conference, who is attending the annual political advisory session.
His company produces about 75 percent of China's total natural gas output.
Recent discoveries of new gas fields, including Jidong Nanpu Oil Field in
north China's Bohai Bay, which contains 1.18 billion tons of oil and gas
reserves, would boost China's natural gas sector and optimize its energy
structure, said Jia.
"China National Petroleum Corporation (CNPC) will probably announce the
proven reserves of the Longgang gasfield in the southwestern Sichuan Province
around the end of this year," he said.
Industry insiders believe the Longgang gasfield contains at least 700
billion cubic meters of estimated reserves.
China's natural gas output reached 69.31 billion cubic meters last year, up
23.1 percent year-on-year, according to China Petroleum and Chemical Industry
Association.
Listed in Hong Kong and New York, PetroChina Company Limited is the listing
arm of China National Petroleum Corporation (CNPC), the largest oil producer of
China.